Oppenheimer & Co. Inc. Raises Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Oppenheimer & Co. Inc. lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 213.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 56,310 shares of the real estate investment trust’s stock after purchasing an additional 38,361 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Annaly Capital Management were worth $1,130,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Annaly Capital Management by 8.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after purchasing an additional 1,342,056 shares during the period. Bank of New York Mellon Corp lifted its position in Annaly Capital Management by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock worth $77,996,000 after acquiring an additional 41,069 shares in the last quarter. Victory Capital Management Inc. lifted its position in Annaly Capital Management by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock worth $40,200,000 after acquiring an additional 138,320 shares in the last quarter. Van ECK Associates Corp lifted its position in Annaly Capital Management by 19.2% during the 3rd quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust’s stock worth $37,395,000 after acquiring an additional 308,618 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Annaly Capital Management by 454.6% during the 1st quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock worth $19,898,000 after acquiring an additional 828,325 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 0.2 %

Shares of NYSE NLY opened at $19.72 on Tuesday. Annaly Capital Management, Inc. has a twelve month low of $17.23 and a twelve month high of $21.11. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of -281.71 and a beta of 1.52. The business has a 50 day simple moving average of $19.86 and a 200-day simple moving average of $19.85.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. During the same quarter last year, the firm posted $0.66 earnings per share. As a group, equities analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.18%. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, October 31st. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $23.00 in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.